The market built on the gains of previous day and stayed positive throughout the day. Banking stocks led the up move.
All the 12 constituents of BANKNIFTY were gainers for the day.
The trades were closed at 11:30 am and profit booked for the third time in this series.
The earlier profits derived were Rs. 13185 on December 05 and Rs. 15185 on December 09.
In three parts this strategy has delivered a profit of Rs. 39457.
New set up was initiated at around 1:50 pm and at close, this too was showing a small profit.
The readers who missed the set up can do it today with almost similar credit.
We wait for the strategy to work out.
Trade cautiously, trade profitably.
Disclaimer: This post and examples are for teaching purpose only and are not meant as advice/suggestion to trade in these stocks. Trading in Futures and Options can lead to big losses and should be done with appropriate knowledge and advice only. Mentioning the stocks here does not imply that I have a trading position or likely to take a trade in these stocks.